"All general business corporation statues appear to date from well after 1800.. The Framers thus took it as a given that corporations could be comprehensively regulated in the service of the public welfare. Unlike our colleagues, they had little trouble distinguishing corporations from human beings, and when they constitutionalized the right to free speech in the First Amendment, it was the free speech of individual Americans they had in mind. The fact that corporations are different from human beings might seem to need no elaboration, except that the majority opinion almost completely elides itā¦. Unlike natural persons, corporations have ālimited liabilityā for their owners and managers, āperpetual life,ā separation of ownership and control, āand favorable treatment of the accumulation of assetsā¦.ā Unlike voters in U.S. elections, corporations may be foreign controlled. ...It might be added that corporations have no consciences, no beliefs, no feelings, no thoughts, no desires. Corporations help structure and facilitate the activities of human beings, to be sure, and their āpersonhoodā often serves as a useful legal fiction. But they are not themselves members of āWe the Peopleā by whom and for whom our Constitution was established."
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Supreme Court of the United States
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